The Fed

Mark Thornton presents a timely interview with Elijah K. Johnson that underscores how quickly “melt-ups” can flip into sharp corrections.

Thanks to the Federal Reserve, the US government will always have enough printed money to fund it tyrannical schemes.

Dr. Jonathan Newman joins Tho and Connor to discuss Jerome Powell's favorite type of FOMC meeting: a boring one.

Inflation is a government tool used to confiscate wealth from ordinary citizens and transfer it to government agents and others who are politically connected. That most Americans believe inflation is caused by greedy business owners shows how successfully the government covers its tracks.

On this episode of Power and Market, Ryan, Connor, and Tho discuss the reported probe into Fed Chair Jerome Powell. Is this actual accountability for malfeasance, or a petty battle of DC egos? At the end of the day, does the difference matter? And should Powell be encouraged that central banks around the world are standing in solidarity with him? The panel dives into these questions and more. 

The Fed’s cost overruns in its building renovation project supposedly are not borne by taxpayers because, as the myth goes, the Fed is “self-financing.” However, the Fed’s “earnings” come from interest payments from the government, payments made by...taxpayers.

Central bankers don’t fear Trump “politicizing” the Fed. They fear he’ll expose it already is.

The current Washington tiff between Donald Trump and Jerome Powell is being reframed as Powell heroically defending the Fed’s “independence.” In truth, the Fed has always done the administration’s dirty work and pursued inflation when it might temporarily boost the economy.

Central bankers are not afraid Trump will “politicize” the Fed and turn it into a crony arm of the government that warps the economy to benefit those close to power. They’re afraid his blind inflationism and lack of subtlety will make it impossible to hide the fact that it already is.

The current Washington tiff between Donald Trump and Jerome Powell is being reframed as Powell heroically defending the Fed’s “independence.” In truth, the Fed has always done the administration’s dirty work and pursued inflation when it might temporarily boost the economy.